Over 21,000 sqm of leased space in CPI office buildings in H1 2020
22:32
Largest commercial property owner in the Czech Republic, Berlin and Central and Eastern Europe, CPI Property Group (CPIPG), sums up the first half of 2020. One of the Group's successes is the lease of over 21,000 sqm of office space In the first half of 2020.
CPIPG finalized five new acquisitions for a total area of 90,000 sqm. The Group's portfolio includes (in order of transactions): Green Corner A, Equator II, Equator I, Moniuszki 1A and 50.3 percent of shares in the Chałubińskiego 8 office building. Currently, CPIPG owns 13 office buildings with a total area of more than 305,000 sqm.
Striving to constantly increase the value of its assets, since January CPIPG has been gradually switching to the ownership model of management and has been working on green certification in acquired office buildings. The process of developing the Office Leasing Department has also been completed. The team was joined by five specialists with many years of experience in Polish and international companies from the commercial real estate industry.
The work of the Leasing Department has resulted in over 21,000 sqm of leased space in eight office buildings from the Group's portfolio. Transactions carried out by the end of June this year include both starting cooperation with new tenants and extending contracts with existing tenants.
The largest agreement in terms of space leased is the transfer to Central Tower of the temporary headquarters of Bank Gospodarstwa Krajowego (over 4,000 sqm). The total GLA value resulting from new and extended contracts in Central Tower amounts to almost 5,500 sqm.
(WBJ)
